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The maximum total pension contributions you can make each year with tax relief.
The Annual Allowance is the cap on total pension contributions (including employer contributions) that can receive tax relief in a single tax year. For 2026/27, the standard Annual Allowance is £60,000. High earners may have a Tapered Annual Allowance that reduces this limit. You can carry forward unused allowance from the previous three tax years, subject to the rules.
This definition is for informational purposes only and does not constitute tax, legal, or financial advice. Rules may change and outcomes depend on your circumstances.
These GOV.UK and HMRC sources provide the official context for this glossary entry. The definition is educational and does not determine your individual tax position.